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United Kingdom Petrochemicals Report Q4 2015

United Kingdom Petrochemicals Report Q4 2015

BMI View: Although the UK is witnessing a solid economic recovery, the country's plastic and rubberproduction stagnated in H115 even as overall chemicals production rose 5%. The British chemicalsindustry as a whole is in transition to higher-value, lower-volume production, having closed many basicchemicals and polymers capacities in recent years. This should put the industry in good stead forprofitability, although existing petrochemicals facilities will continue to feel the challenge of feedstockprices in competing with US and Middle Eastern rivals.

The latest production indices suggest that British chemicals grew by an average of 5% y-o-y in H115 whilerubber and plastic output stagnated. The trends show that the petrochemicals portion of overall chemicalsoutput has plateaued while speciality and value added production is performing strongly. Thissupports BMI's long-held view that the UK industry is abandoning high-volume petrochemicals products,which are struggling to compete with low-cost rivals in the US and the Middle East. Instead, research anddevelopment expenditure is pouring into diversification into high-end, niche markets.


BMI Industry View
SWOT
Political
Economic
Operational Risk
Industry Forecast
Table: United Kingdom - Petrochemicals Sector (2012-2019f)
Macroeconomic Forecasts
Economic Analysis
Real GDP By Expenditure
Table: GDP By Expenditure (United Kingdom 2012-2019)
Industry Risk/Reward Ratings
Europe Petrochemicals Risk/Reward Index
Russia and Ukraine Under Pressure
Table: European Petrochemicals Risk/Reward Index (scores out of 100)
United Kingdom Petrochemicals Risk/Reward Index
Market Overview
Industry Trends And Developments
Feedstock Issues
Regulation
Unconventional Gas
Company Profile
BP
Table: BP Financial Results (USDmn)
ExxonMobil Chemical
Table: ExxonMobil financial results (USDmn)
Ineos
Shell Chemicals UK
Regional Overview
Energy Prices And Greek Crisis Will Determine Margins
Trouble In The East
Global Industry Overview
Could US Gas Run out?
Project Curtailments
Medium-term Outlook
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-Year Forecasts
Table: Energy Price Forecasts (Global 2013-2018)
Table: Energy Price Forecasts (Global 2019-2024)
Demographic Forecast
Table: Population Headline Indicators (United Kingdom 1990-2025)
Table: Key Population Ratios (United Kingdom 1990-2025)
Table: Urban/Rural Population & Life Expectancy (United Kingdom 1990-2025)
Table: Population By Age Group (United Kingdom 1990-2025)
Table: Population By Age Group % (United Kingdom 1990-2025)
Glossary
Table: Glossary Of Petrochemicals Terms
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Petrochemicals Risk/Reward Index Indicators
Table: Weighting Of Indicators

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